Gio-Project: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Gio-Project
Largest movements
- Receivables within one year -€16,501
down €16,501 (-30.6%), from €53,978 to €37,477
of which Trade receivables: -€16,734
- Tangible fixed assets -€14,774
down €14,774 (-54.8%), from €26,974 to €12,200
of which Furniture and vehicles: -€8,000
- Financial fixed assets -€6,000
down €6,000 (-14.6%), from €41,000 to €35,000
- Cash -€3,005
down €3,005 (-40.5%), from €7,412 to €4,407
mainly Net result for the year (-€32,020) and Other debts (-€5,000)
- Stocks and contracts -€1,557
down €1,557 (-20.0%), from €7,785 to €6,228
- Profit (loss) carried forward -€32,020
down €32,020 (-44.8%), from €71,461 to €39,441
- Other debts -€5,000
down €5,000 (-49.4%), from €10,117 to €5,117
- Tax, wage and social debts -€4,119
down €4,119 (-58.5%), from €7,043 to €2,925
of which Remuneration and social security: -€4,393
- Trade debts +€3,394
up €3,394 (+46.7%), from €7,267 to €10,661
- Current portion of long-term debt -€3,290
down €3,290 (-78.1%), from €4,212 to €923
- Gross operating margin -€127,787
down €127,787 (-76.0%), from €168,204 to €40,417
- Staff costs -€84,936
down €84,936 (-58.5%), from €145,193 to €60,257
- Financial income +€13,789
up €13,789 (+287%), from €4,806 to €18,595
of which Financial income: +€13,789
- Other operating charges +€9,259
up €9,259 (+374%), from €2,475 to €11,734
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,458 | €101,510 | -€41,948 | -29.2% |
| Fixed assets | 21/28 | €67,974 | €47,200 | -€20,774 | -30.6% |
| Tangible fixed assets | 22/27 | €26,974 | €12,200 | -€14,774 | -54.8% |
| Plant, machinery and equipment | 23 | €7,924 | €1,150 | -€6,774 | -85.5% |
| Furniture and vehicles | 24 | €19,050 | €11,050 | -€8,000 | -42.0% |
| Financial fixed assets | 28 | €41,000 | €35,000 | -€6,000 | -14.6% |
| Current assets | 29/58 | €75,484 | €54,310 | -€21,173 | -28.1% |
| Stocks and contracts in progress | 3 | €7,785 | €6,228 | -€1,557 | -20.0% |
| Stocks | 30/36 | €7,785 | €6,228 | -€1,557 | -20.0% |
| Amounts receivable within one year | 40/41 | €53,978 | €37,477 | -€16,501 | -30.6% |
| Trade receivables | 40 | €44,502 | €27,769 | -€16,734 | -37.6% |
| Other amounts receivable | 41 | €9,476 | €9,708 | +€232 | +2.5% |
| Cash at bank and in hand | 54/58 | €7,412 | €4,407 | -€3,005 | -40.5% |
| Deferred charges and accrued income | 490/1 | €6,308 | €6,198 | -€110 | -1.7% |
| Total equity and liabilities | 10/49 | €143,458 | €101,510 | -€41,948 | -29.2% |
| Equity | 10/15 | €93,905 | €61,885 | -€32,020 | -34.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,844 | €3,844 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,844 | €3,844 | = | 0.0% |
| Legal reserve | 130 | €3,844 | €3,844 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,461 | €39,441 | -€32,020 | -44.8% |
| Amounts payable | 17/49 | €49,552 | €39,625 | -€9,928 | -20.0% |
| Amounts payable after more than one year | 17 | €20,913 | €20,000 | -€913 | -4.4% |
| Financial debts | 170/4 | €913 | - | -€913 | |
| Other amounts payable | 178/9 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,640 | €19,625 | -€9,015 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €4,212 | €923 | -€3,290 | -78.1% |
| Trade debts | 44 | €7,267 | €10,661 | +€3,394 | +46.7% |
| Suppliers | 440/4 | €7,267 | €10,661 | +€3,394 | +46.7% |
| Taxes, remuneration and social security | 45 | €7,043 | €2,925 | -€4,119 | -58.5% |
| Taxes | 450/3 | €1,042 | €1,317 | +€274 | +26.3% |
| Remuneration and social security | 454/9 | €6,001 | €1,608 | -€4,393 | -73.2% |
| Other amounts payable | 47/48 | €10,117 | €5,117 | -€5,000 | -49.4% |
| Remuneration, social security and pensions | 62 | €145,193 | €60,257 | -€84,936 | -58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,173 | €14,774 | -€398 | -2.6% |
| Other operating charges | 640/8 | €2,475 | €11,734 | +€9,259 | +374% |
| Non-recurring operating charges | 66A | - | €4 | +€4 | |
| Gross operating margin | 9900 | €168,204 | €40,417 | -€127,787 | -76.0% |
| Operating profit (loss) | 9901 | €5,363 | -€46,352 | -€51,715 | |
| Financial income | 75/76B | €4,806 | €18,595 | +€13,789 | +287% |
| Recurring financial income | 75 | €4,806 | €18,595 | +€13,789 | +287% |
| Non-recurring financial income | 76B | €4,806 | €18,595 | +€13,789 | +287% |
| Financial charges | 65/66B | €1,515 | €954 | -€561 | -37.0% |
| Recurring financial charges | 65 | €1,226 | €954 | -€272 | -22.2% |
| Non-recurring financial charges | 66B | €289 | - | -€289 | |
| Profit (loss) for the period before taxes | 9903 | €8,654 | -€28,711 | -€37,365 | |
| Income taxes | 67/77 | €4,491 | €3,309 | -€1,181 | -26.3% |
| Profit (loss) for the period | 9904 | €4,163 | -€32,020 | -€36,184 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,163 | -€32,020 | -€36,184 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.